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— official CBDT correspondence

Section 88 — Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone: its source in the Income-tax Act, 1961

Section 88 (Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone) of the Income-tax Act, 2025 corresponds to Section 54GA (Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone) of the Income-tax Act, 1961 as per the official CBDT correspondence.

source provisions · income-tax act, 1961

  • Section 54GA — Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone

read both texts · §54GA (1961) vs §88 (2025)

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Source: the CBDT’s official 1961↔2025 correspondence table (incometaxindia.gov.in), captured 2026-07-21. This is a research aid — verify against the official CBDT utility ↗ before professional reliance.

frequently asked

Is Section 88 of the Income-tax Act, 2025 a new provision?

No — it derives from Section 54GA of the Income-tax Act, 1961.

What does Section 88 of the Income-tax Act, 2025 deal with?

Section 88 — "Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone", under CHAPTER IV - COMPUTATION OF TOTAL INCOME of the Income-tax Act, 2025.

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same chapter · chapter iv - computation of total income · income-tax act, 2025

  • Section 84 — Capital gains on compulsory acquisition of lands and buildings not to be charged in certain cases
  • Section 85 — Capital gains not to be charged on investment in certain bonds
  • Section 86 — Capital gains on transfer of certain capital assets not to be charged in case of investment in residential house
  • Section 87 — Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area
  • Section 89 — Extension of time for acquiring new asset or depositing or investing amount of capital gains
  • Section 90 — Meaning of “adjusted”, “cost of improvement” and “cost of acquisition”
  • Section 91 — Reference to Valuation Officer
  • Section 92 — Income from other sources

frequently looked up · income-tax act, 2025

§2 · §4 · §13 · §14 · §16 · §20 · §26 · §46 · §59 · §63 · §67 · §86 · §92 · §111 · §118 · §122 · §123 · §150 · §170 · §179 · §185 · §202 · §203 · §206 · §211 · §228 · §253 · §263 · §268 · §270 · §279 · §287 · §289 · §294 · §303 · §313 · §316 · §319 · §334 · §349 · §351 · §353 · §393 · §397 · §398 · §401 · §405 · §410 · §412 · §413 · §423 · §427 · §464 · §475 · §489 · §499 · §500 · §536